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More articles about: PAL

 
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It may come by the end of May.
Philippine Airlines (PAL) is close to filing for Chapter 11 bankruptcy in the U.S., multiple news sources have reported since last week. A story by travel and aviation data services provider Cirium, published on FlightGlobal, quoted sources as saying the flag carrier may ...
 
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Losses wiped out cash infusion of P17.7 billion since last year.
PAL Holdings Inc., the parent company of the nation’s flag carrier Philippine Airlines, reported a comprehensive loss of P22.02 billion in the first six months of 2020. That’s P19.01 billion higher than the P3.01 billion loss it reported in the same period ...
 
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There's no retirement in sight for this taipan.
Turbulence in the boardroom appears to be troubling Philippine Airlines.In a public disclosure on the stock exchange, PAL Holdings Inc. announced that taipan Lucio C. Tan has been named the company’s chairman, president, CEO, and COO of PAL’s board for the ensuing year.Tan, ...
 
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Total losses nearing P50 billion.
Philippine Airlines had already announced in its annual report that it lost P10.31 billion in 2019, its biggest loss in its corporate history. “Stiff competition, matched with ever-increasing costs, have caused the PAL Group to incur losses over the last three years,” the ...
 
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It’s the biggest loss in the company’s history.
The Philippines’ flag carrier posted net losses of P10.31 billion in 2019, the third straight year that it has declared a net loss. In its annual report submitted to the Philippine Stock Exchange on Wednesday (May 20), PAL Holdings Inc. said Philippine Airlines’ ...
 
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It's the worst loss in the company's history.
PAL Holdings Inc. confirmed in a disclosure on the Philippine Stock Exchange that the company incurred a whopping net loss of $208 million or P10.54 billion in 2019.In an article published by Inquirer.net on March 2, the publication claimed that the airlines ...
 
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Employees will receive appropriate compensation and benefits.
Philippine Airlines has been forced to make a tough business decision as it grapples with the effects on the travel industry of the coronavirus. On Friday, February 28, the nation’s flag carrier issued a statement saying it was implementing a voluntary “separation ...
 
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The resignations follow other officials who have left the company in recent weeks.
Two board members of Philippine Airlines Inc. have resigned, the latest officials of the country’s flag carrier to leave the company in recent weeks. Amando Tetangco, the two-term former governor of the Bangko Sentral ng Pilipinas, tendered his resignation as independent director, according ...
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